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You are here -> Markets ->Corporate Bonds Market
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 Corporate Bond Market
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The Corporate Debt Market in India is at a nascent stage in terms of an efficient price discovery mechanism as well as market participation. Primary corporate debt market is dominated by finance companies and relatively a very small amount of funds are raised by manufacturing and other service industries through this market. Indian firms are still seeking bank finance as the path to fulfill the funding requirements. An efficient bond market would help corporates reduce their financing costs and allow them to structure their asset-liability profiles better. A well developed corporate bond market is also necessary for long term financing of corporates.
Overall the corporate bond market in India comprises bonds issued by various corporations or their normal business activities. Examples of some of these are:
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Public Sector Enterprises (PGC, PFC, REC, IRFC, NTPC, KRCL etc)
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Public Sector Banks for augmenting Tier I or Tier II capital (SBI & associates, PNB, BOB, BOI, Canara Bank, Union Bank, CBI, Bank of Maharashtra, Andhra Bank, Vijaya Bank, OBC, Dena Bank, UCO Bank, Allahabad Bank, IOB, United Bank of India, etc)
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Private Sector Banks- for augmenting Tier I or Tier II capital (ICICI Bank, HDFC Bank, Federal bank, Karnataka Bank etc)
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All India Financial Institutions (IDFC, NABARD, EXIM etc)
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Private Sector Companies (ACC, Tata Motors Limited, Reliance Industries Ltd., Reliance Energy Limited, Hindalco, Grasim, Tata Tea etc)
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Housing Finance Companies (HDFC, LIC Housing Finance Ltd, PNB Housing Finance Ltd HUDCO etc)
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NBFCs (Mahindra & Mahindra Finance Limited, Tata Motors Finance Ltd, Citicorp Finance Ltd, Citi Maruti Finance Ltd, Citi Consumers Finance Ltd., Sundaram Finance Ltd, Cholamandalam Finance, Bajaj Auto Limited
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State Level Undertakings (State level power generation corporations, State level power transmission corporations, State level, power finance corporations, State level infrastructure development finance corporations, State level electricity boards, State level road transport corporations, state level road development corporations, state level industrial development boards, state levels etc)
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Municipal bodies etc
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